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House bill · H.R. 9764 (119th Congress)

HONOR Act

U.S. House of Representatives

Latest action Jul 16, 2026

Sponsor: Bradley Scott Schneider (U.S. Representative, IL-10, Democratic)

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From Congress.gov and official rosters. This record was last updated Sep 8, 2026. About our data

Summary

Hindering Oppressive Nations from Obtaining Revenue Act or HONOR Act This bill prohibits a taxpayer from claiming the foreign tax credit (FTC) for taxes paid, accrued, or deemed paid to Russia. Under current law, a taxpayer may claim the FTC for income, war profits, and excess profits taxes (or taxes imposed in lieu of these taxes) paid, accrued, or deemed paid to a foreign country (and certain U.S. possessions), subject to limitations. However, under current law, a taxpayer may not claim the FTC for taxes paid to a foreign country if (1) the United States does not recognize the country’s government, (2) the United States severs or does not conduct diplomatic relations with the country, or (3) the country is designated by the Department of State as supporting international terrorist acts. (Currently, the FTC is disallowed for taxes paid, accrued, or deemed paid to Iran, North Korea, Sudan, and Syria.) Under the bill, a taxpayer may not claim the FTC for taxes paid, accrued, or deemed paid to Russia beginning 30 days after the date of enactment and until normal U.S. trade relations with Russia are restored (pursuant to requirements established by the Suspending Normal Trade Relations with Russia and Belarus Act).

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Ways and Means · U.S. House of Representatives

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Cosponsors

1

Cosponsors listed on Congress.gov, shown A to Z.

  • Republican1

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Full history

  1. Jul 16, 2026

    Introduced

    Introduced in House

    U.S. House of Representatives

  2. Jul 16, 2026

    Introduced

    Introduced in U.S. House

    U.S. House

  3. Jul 16, 2026

    Referred to committee

    Referred to the House Committee on Ways and Means.

    U.S. House of Representatives

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